Rate hikes may be coming

By: Miguel A. Rodriguez

10:46, 22 September 2021

Pound-USD exchange rate struggles amid UK energy crisis
  • #Gold prices inched lower, as cautious investors braced for the U.S. Federal Reserve's guidance for tapering and interest rate hikes, while #risk-off sentiment stoked by China Evergrande's debt woes limited declines
  • The #GBPUSD exchange rate has fallen to a three-week low as souring market sentiment boosts demand for the safe-haven dollar
  • In a much-anticipated move, trading app #Robinhood is currently experimenting with unveiling a #crypto wallet to give users the option to send and receive popular cryptocurrencies like #Bitcoin on its platform




Share this article

This information prepared by capex.com/za is not an offer or a solicitation for the purpose of purchase or sale of any financial products referred to herein or to enter into any legal relations, nor an advice or a recommendation with respect to such financial products.This information is prepared for general circulation. It does not regard to the specific investment objectives, financial situation, or the particular needs of any recipient.You should independently evaluate each financial product and consider the suitability of such a financial product, by taking into account your specific investment objectives, financial situation, or particular needs, and by consulting an independent financial adviser as needed, before dealing in any financial products mentioned in this document.This information may not be published, circulated, reproduced, or distributed in whole or in part to any other person without the Company’s prior written consent.
Past performance is not always indicative of likely or future performance. Any views or opinions presented are solely those of the author and do not necessarily represent those of capex.com/zaJME Financial Services (Pty) Ltd trading as CAPEX.COM/ZA acts as intermediary between the investor and Magnasale Trading Ltd, the counterparty to the contract for difference purchased by the Investor via CAPEX.COM/ZA, authorised & regulated by the Cyprus Securities and Exchange Commission with license number 264/15.  Magnasale Trading Ltd is the principal to the CFD purchased by investors.